New Risk • Jun 12
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr28m free cash flow). Earnings have declined by 2.8% per year over the past 5 years. Market cap is less than US$10m (kr102.9m market cap, or US$9.86m). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding). Reported Earnings • Jun 04
First quarter 2024 earnings released: kr0.13 loss per share (vs kr2.13 loss in 1Q 2023) First quarter 2024 results: kr0.13 loss per share (improved from kr2.13 loss in 1Q 2023). Revenue: kr14.1m (up 11% from 1Q 2023). Net loss: kr7.17m (loss narrowed 27% from 1Q 2023). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in Sweden. Anuncio • May 17
Hoylu AB (publ), Annual General Meeting, Jun 28, 2024 Hoylu AB (publ), Annual General Meeting, Jun 28, 2024. Anuncio • Feb 03
Hoylu AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 14.000001 million. Hoylu AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 14.000001 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 7,954,546
Price\Range: SEK 1.76
Transaction Features: Subsequent Direct Listing Anuncio • Feb 01
Hoylu AB (publ) to Report Q4, 2024 Results on Feb 14, 2025 Hoylu AB (publ) announced that they will report Q4, 2024 results on Feb 14, 2025 Anuncio • Nov 24
Hoylu AB (Publ) Announces CFO Changes Hoylu AB (publ) announced the appointment of Kjartan Berge Steinshamn as its new Chief Financial Officer (CFO), effective December 13, 2023. Kjartan Berge Steinshamn succeeds Karl Wiersholm, the company's CFO since 2016. Kjartan Berge Steinshamn brings a unique blend of expertise, having held positions in Corporate Finance at Bulk Infrastructure Group AS and, most recently, Investment Associate at Viking Venture AS. This diverse background equips him with deep insights into financial strategy and investment in the tech sector, particularly in the rapidly growing Nordic SaaS market. Kjartan Berge Steinshamn’s appointment marks a strategic step for Hoylu as it continues to expand its services and solidify its position in the global SaaS landscape. Kjartan Berge Steinshamn holds a Master of Science in Industrial Economics and Technology Management from Norges teknisk-naturvitenskapelige universitet (NTNU). Kjartan Berge Steinshamn will oversee the company’s financial operations, including accounting, investor relations, and strategic financial planning. Karl Wiersholm has been instrumental in Hoylu’s growth and success over the past seven years. Under his stewardship, the company has achieved significant financial milestones and strengthened its position in the SaaS industry. Hoylu extends its deepest gratitude to Karl Wiersholm for his dedication and contributions and wishes him the best in his future endeavors. Reported Earnings • Nov 19
Third quarter 2023 earnings released: kr0.15 loss per share (vs kr2.06 loss in 3Q 2022) Third quarter 2023 results: kr0.15 loss per share (improved from kr2.06 loss in 3Q 2022). Revenue: kr15.1m (up 23% from 3Q 2022). Net loss: kr7.65m (loss narrowed 19% from 3Q 2022). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Software industry in Sweden. New Risk • Aug 14
New major risk - Revenue and earnings growth Earnings have declined by 11% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr26m free cash flow). Share price has been highly volatile over the past 3 months (27% average weekly change). Earnings have declined by 11% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 9x increase in shares outstanding). Minor Risk Revenue is less than US$5m (kr52m revenue, or US$4.8m). Reported Earnings • Aug 13
Second quarter 2023 earnings released: kr0.017 loss per share (vs kr1.97 loss in 2Q 2022) Second quarter 2023 results: kr0.017 loss per share (improved from kr1.97 loss in 2Q 2022). Revenue: kr14.2m (up 8.4% from 2Q 2022). Net loss: kr6.72m (loss narrowed 26% from 2Q 2022). Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Software industry in Sweden. Anuncio • Aug 12
Hoylu AB (publ) to Report Q1, 2024 Results on May 17, 2024 Hoylu AB (publ) announced that they will report Q1, 2024 results on May 17, 2024 New Risk • Jul 13
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Over 9x increase in shares outstanding. This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr36m free cash flow). Share price has been highly volatile over the past 3 months (29% average weekly change). Negative equity (-kr25m). Shareholders have been substantially diluted in the past year (over 9x increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable next year (kr29m net loss next year). Revenue is less than US$5m (kr51m revenue, or US$4.9m). Market cap is less than US$100m (kr122.0m market cap, or US$11.8m). Anuncio • May 25
Hoylu AB (publ), Annual General Meeting, Jun 26, 2023 Hoylu AB (publ), Annual General Meeting, Jun 26, 2023, at 10:00 Central European Standard Time. Location: Sveavägen 20, Stokholm Sweden Agenda: To consider opening of the annual general meeting; to consider appointment of a chairperson of the general meeting; to consider preparation and approval of the voting register; to consider appointment of one or two persons to verify the minutes of the meeting; to consider determination of whether the annual general meeting has been duly convened; to consider approval of the agenda; to consider presentation of the annual accounts and the auditor’s report as well as the consolidated annual accounts and the auditor's report on the consolidated annual accounts; and to consider other matters. Reported Earnings • Apr 18
First quarter 2023 earnings released: kr0.11 loss per share (vs kr0.19 loss in 1Q 2022) First quarter 2023 results: kr0.11 loss per share (improved from kr0.19 loss in 1Q 2022). Revenue: kr12.7m (up 39% from 1Q 2022). Net loss: kr9.79m (loss narrowed 45% from 1Q 2022). Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Software industry in Sweden. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 60% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 19
Full year 2022 earnings released: kr0.54 loss per share (vs kr0.58 loss in FY 2021) Full year 2022 results: kr0.54 loss per share (improved from kr0.58 loss in FY 2021). Revenue: kr47.6m (up 43% from FY 2021). Net loss: kr49.6m (loss narrowed 5.3% from FY 2021). Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Software industry in Sweden. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 59% per year, which means it is significantly lagging earnings. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Fredrik Urbanski was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 24
Third quarter 2022 earnings released: kr0.10 loss per share (vs kr0.14 loss in 3Q 2021) Third quarter 2022 results: kr0.10 loss per share (improved from kr0.14 loss in 3Q 2021). Revenue: kr12.2m (up 50% from 3Q 2021). Net loss: kr9.45m (loss narrowed 29% from 3Q 2021). Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Software industry in Sweden. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 41% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 19
Second quarter 2022 earnings released: kr0.099 loss per share (vs kr0.12 loss in 2Q 2021) Second quarter 2022 results: kr0.099 loss per share (up from kr0.12 loss in 2Q 2021). Revenue: kr13.1m (up 57% from 2Q 2021). Net loss: kr9.04m (loss narrowed 20% from 2Q 2021). Over the next year, revenue is forecast to grow 21%, compared to a 39% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings. Reported Earnings • May 03
First quarter 2022 earnings released: kr0.19 loss per share (vs kr0.11 loss in 1Q 2021) First quarter 2022 results: kr0.19 loss per share (down from kr0.11 loss in 1Q 2021). Revenue: kr9.20m (up 14% from 1Q 2021). Net loss: kr17.7m (loss widened 83% from 1Q 2021). Over the next year, revenue is forecast to grow 29%, compared to a 46% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings. Price Target Changed • Apr 27
Price target decreased to kr1.30 Down from kr1.80, the current price target is provided by 1 analyst. New target price is 43% above last closing price of kr0.91. Stock is down 77% over the past year. The company posted a net loss per share of kr0.58 last year. Board Change • Apr 27
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Director Hans Blix is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Reported Earnings • Feb 19
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: kr0.58 loss per share (down from kr0.55 loss in FY 2020). Revenue: kr33.3m (up 14% from FY 2020). Net loss: kr52.3m (loss widened 63% from FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 26%, compared to a 54% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 20
Third quarter 2021 earnings released: kr0.14 loss per share (vs kr0.11 loss in 3Q 2020) The company reported a mediocre third quarter result with increased losses and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: kr8.12m (up 34% from 3Q 2020). Net loss: kr13.3m (loss widened 56% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 21
Second quarter 2021 earnings released: kr0.12 loss per share (vs kr0.21 loss in 2Q 2020) The company reported a soft second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: kr8.37m (up 4.7% from 2Q 2020). Net loss: kr11.3m (loss widened 35% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Executive Departure • May 29
Independent Director has left the company On the 22nd of May, Ian Sandmael's tenure as Independent Director ended after 3.0 years in the role. We don't have any record of a personal shareholding under Ian's name. Ian is the only executive to leave the company over the last 12 months. Reported Earnings • May 23
First quarter 2021 earnings released: kr0.11 loss per share (vs kr0.26 loss in 1Q 2020) The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2021 results: Revenue: kr8.07m (down 1.1% from 1Q 2020). Net loss: kr9.65m (loss widened 36% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 20
Full year 2020 earnings released: kr0.61 loss per share (vs kr1.85 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: kr29.2m (up 8.4% from FY 2019). Net loss: kr31.8m (loss narrowed 33% from FY 2019). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 15
New 90-day high: kr5.40 The company is up 120% from its price of kr2.46 on 17 November 2020. The Swedish market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 41% over the same period. Is New 90 Day High Low • Jan 23
New 90-day high: kr2.67 The company is up 12% from its price of kr2.38 on 23 October 2020. The Swedish market is up 11% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Software industry, which is up 40% over the same period. Anuncio • Jan 19
Hoylu Expands Its Business with Large Construction Firm in the Us Hoylu AB (publ) announced that it has received a new order from Walbridge to use Hoylu’s workspace and pull planning software for a new construction project for a large automotive company in the US. Is New 90 Day High Low • Jan 04
New 90-day low: kr2.12 The company is down 26% from its price of kr2.85 on 06 October 2020. The Swedish market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 42% over the same period. Reported Earnings • Nov 21
Third quarter 2020 earnings released: kr0.11 loss per share The company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: kr6.06m (down 4.0% from 3Q 2019). Net loss: kr8.54m (loss widened 9.9% from 3Q 2019). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Anuncio • Oct 16
Hoylu AB Receives an Additional Order from Walbridge Hoylu AB announced that it has received an additional order from Walbridge, a global, full-service construction firm headquartered in Detroit, MI, to implement Hoylu’s Pull Planning Module to continue modernizing and improving its construction planning and workflows. Walbridge is an existing customer of Hoylu and the new order value is SEK 375,000. The order represents an expansion of Hoylu’s business within the construction industry with high-end architectural design and project management. Several factors impact the construction industry’s slow adoption of technological advancements and tools due to siloed initiatives, health and safety risks, limited resources and a workforce that is comfortable with what they know. A vast majority of construction firms still rely on analog whiteboards and paper sticky notes for planning, creating inefficient project management and development. Hoylu’s Pull Planning Module, a revolutionary scheduling tool in construction planning and project management with the objective to increase productivity and reduce waste, is becoming widely adopted and recognized for its innovation and efficiency. Hoylu’s Pull Planning Module is a value enhancing component of its Connected Workspaces™ online digital whiteboard platform that transforms the workspace using rules and functions that precisely fit the workflow or process. Hoylu’s Connected Workspaces are affordable and easy to use for the whole team. The project plan and schedule can be kept in the same connected workspace as drawings, pictures and additional project information for more efficient communication and streamlined workflows. The workspace can be shared with anyone, on any device, anywhere and is saved automatically. Additionally, Hoylu can be leveraged with Zoom or any video-conferencing solution. Hoylu is integrated with MSFT Teams and available for Mac in Apple’s App store. Anuncio • Oct 05
Hoylu AB (Publ) Announces the Immediate Addition of Two Powerful New Features to Hoylu Workspaces for All Users Hoylu announced the immediate addition of two powerful new features to Hoylu workspaces for all users. Voting and Timer are available now to all registered users of Hoylu, and expand functionality for new and existing workspaces. Available as part of every workspace, users can now place votes using emojis, icons and symbols on notes and tasks. This functionality enhances project planning, retrospectives, brainstorming and task management by offering engaging user participation that can help guide workplace decisions. Voting objects are fully flexible and quickly tallies items for ease of use by project managers or workspace owners. The timer functionality allows synchronization of tasks and projects by allowing users to add a flexible timer to any workspace that counts down to a deadline for all users. Timers persist outside of active use, making it easy for short or long-term assignments to be made, or simply to timebox a specific task for efficient work. 
